Citigroup Lowers American Express Price Target to USD 340.00

Citigroup has revised its price target for American Express (ISIN US0258161092), lowering it from USD 355.00 to USD 340.00 while maintaining a neutral rating. The adjustment, announced on September 30, 2026, comes despite the company's strong second-quarter 2026 performance, where revenues net of interest expense reached USD 19.60 billion, up 10.00 percent year over year. Net income was reported at USD 3.10 billion, with diluted earnings per share increasing 11.00 percent to USD 4.53 from USD 4.08 in the same period of 2025.

The new target implies an 11.58 percent upside from the reported USD 304.70 share price, according to MarketBeat. This move contrasts with the broader analyst consensus, which had an average target of USD 369.81 and a Hold rating as of September 30, 2026. American Express's stock was trading at EUR 270.35 on October 5, 2026, up 0.67 percent from the prior close of EUR 268.55 at Lang & Schwarz.

Credit quality remains a critical factor for American Express, as card balances and delinquencies influence provisions for credit losses. As of August 31, 2026, combined U.S. Consumer and U.S. Small Business card balances totaled USD 160.30 billion, with consumer delinquencies at 1.10 percent and small-business delinquencies at 1.30 percent. The company's next earnings report is scheduled for October 23, 2026, which will provide further insights into its financial performance and outlook.

As of October 2, 2026, American Express's stock was trading at USD 302.78 on the NYSE, within a 52-week range of USD 290.97 to USD 387.49. The company's market capitalization stood at USD 204.50 billion on the same date.